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3 result(s) displayed (1 - 3):

October 15, 2011

Special Power of Attorney

A special power of attorney lets a person engage in specific transactions on behalf of another person. The POA form provides directives regarding the transaction, as well as the date privileges expire.

Common reasons for executing a special power of attorney include authorizing an agent to conduct banking transactions, control financial investments, make business decisions, and buy, sell or trade personal or business assets.

Real estate investors often use this kind of power of attorney to let realtors buy or sell investment properties. Another use is to authorize property management groups to collect rent, conduct background and credit checks, file eviction claims against tenants, or engage in repairs for rental properties.

Real Estate Investing article on "Special Power of Attorney "

August 16, 2011

Estate Agents

Estate agents are people assigned to oversee estate settlement procedures when a person dies. In most cases, people are appointed through a last will and testament, but might be confirmed through probate court to act on behalf of the estate.

State laws require estate agents to be of legal age and prohibit anyone with a criminal record from engaging in estate settlement procedures. The person chosen for this position should be capable of making sound decisions on behalf of the estate and rightful heirs. They should be good with finances and capable of providing detailed accounting reports, as well as being proficient with recordkeeping.

Real Estate Investing article on "Estate Agents "

July 10, 2011

Estate Agents

Estate agents refer to a person in charge of settling a probate estate or trust. This person is entrusted with fiduciary obligations and responsible for distribution of inheritance gifts to heirs. They are in charge of every aspect of estate administration to ensure your final wishes are met.

Estate agents should be someone you trust explicitly. Sometimes, they need to make tough decisions or act as a mediator if family disputes over inheritance arise. Depending on the circumstances and types of property involved, agents might require assistance from lawyers.

Real Estate Investing article on "Estate Agents"